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bdahl385

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bdahl385

Re: kelseyf post# 45073

Sunday, 03/01/2009 3:47:32 PM

Sunday, March 01, 2009 3:47:32 PM

Post# of 51429
Kels said in regards to the question on whether Hemi remains monthly cash flow positive: "Hmmmmmm...........let's see.

Could it be due to the current tanking strategy that Hemi conveyed earlier in the 2008 year?"

Looking at crude oil prices from 2008, the 1st qtr. averaged about $85 a bbl, the 2nd qtr. about $115 a bbl. Since you've long touted the Hemi strategy of "tanking oil" can you please explain to us investors how storing oil when it could have been sold at >$100 a bbl. is something good now that oil is selling at <$30 a bbl???

Oil price source, Coffeyville Crude for Eastern Kansas grade:

http://www.coffeyvillecrude.com/CVRCrude/showPriceBulletins.do
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